(Reuters) - SoftBank Corp is in talks to invest $2 billion in U.S. shared office space provider WeWork Cos Inc this year, a much lower amount than the $16 billion discussed towards the end of last year, the Financial Times reported on Monday. The deal will now not include the participation of SoftBank’s Vision Fund, which had been a major backer of SoftBank’s
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(Reuters) - General Motors Co (GM.N) said on Thursday that Mark Reuss would succeed Dan Ammann as president, effective immediately, as part of the automaker’s ongoing shift to electric and self-driving vehicles in North America and China. Reuss remains focused on rebuilding the Cadillac brand and streamlining GM’s product development operations, while
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(Reuters) - SoftBank Corp does not expect any technology impact if it does not use 5G network gear from Chinese tech giant Huawei [HWT.UL] and had found the same level of quality from other vendors, an executive said at a press conference on Wednesday. The Japanese telecom operator said it had not made a decision on switching from Chinese equipment makers
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(Reuters) - Slack Technologies Inc, a provider of chat and direct messaging services for businesses, has hired investment bank Goldman Sachs Group Inc (GS.N) to lead its initial public offering (IPO) next year as an underwriter, people familiar with the matter said. The San Francisco-based company is among a string of Silicon Valley unicorns expected
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(Reuters) - British mobile operator O2 said on Friday it would compensate customers with phone credit, a day after a software glitch caused smartphone users to lose internet access. The company, which is owned by Spain’s Telefonica, said it planned to credit two days of monthly airtime subscription charges for its monthly customers, by the end of January
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TOKYO (Reuters) - SoftBank Group Corp’s mobile phone services were disrupted in some parts of Japan on Thursday, ahead of an initial public offering (IPO) of its domestic telecoms unit later this month that will potentially raise $21 billion. Some customers at Japan’s third-largest telco have been unable to make calls or use the internet in the hours
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(Reuters) - Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. The investment by Grab is part of the $1 billion fund raise OYO announced in September in a bid to grow its business in India and China, and expand into new international
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CAIRO (Reuters) - Saudi Crown Prince Mohammed bin Salman met with Indian Prime Minister Narendra Modi and discussed cooperation between the two countries in security, energy and investments, the Saudi press agency (Spa) said on Friday. The two leaders, who are currently in Argentina for the G20 summit, met in the prince’s residence in Buenos Aires and discussed
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(Reuters) - U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan’s SoftBank Group Corp, according to an investor presentation seen by Reuters. The latest funding was in the form of a warrant, under which SoftBank will pay WeWork $1.5 billion on Jan. 15 and the remaining on April 15.
WeWork in July said it had raised
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LONDON (Reuters) - SoftBank’s (9984.T) Vision Fund is raising $4 billion in debt to help finance acquisitions and has hired Goldman Sachs (GS.N) and Mizuho (8411.T) to work on the deal, a presentation seen by Reuters said. The transaction would be the first test of debt investors’ appetite for the Saudi-backed technology fund since the crisis triggered
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